Nachricht vom 11.10.2018 | 11:08

LPKF raises revenue guidance for 2018

11-Oct-2018 / 11:08 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Garbsen, 11 October 2018 - According to preliminary figures, LPKF Laser & Electronics AG generated revenue of EUR 30 million in the third quarter of 2018, an increase of 11% compared to the same period of the previous year (Q3 2017: EUR 26.5 million). After nine months, Group sales reached EUR 88 million, up 23% on the previous year's figure of EUR 71.4 million.

At EUR 104 million, incoming orders after nine months were 14% higher than the previous year's figure of EUR 91.3 million. In the third quarter, incoming orders amounted to EUR 32 million after EUR 28.5 million in the same period of the previous year. The orders on hand also continued to rise, reaching EUR 54 million as of September 30, 2018 (previous year: EUR 47.5 million). This results in a book-to-bill ratio of 1.2.

Due to the good order and revenue development in the third quarter, the Management Board raises its revenue guidance for 2018. The EBIT forecast is currently unchanged.

For 2018, with a stable development of the global economy, the Management Board expects consolidated sales of between EUR 115 and 120 million (previously: EUR 110 and 115 million) and a return on capital employed (ROCE) of between 2 and 7 %. An EBIT margin of up to 6 % is expected.
LPKF aims to achieve a ROCE between 10 and 15 % by 2020.

Earnings figures will be published together with the complete quarterly financial report on November 15.